S&P 500, Nasdaq Close at Records to Kick off December Trading
The S&P 500 and the Nasdaq Composite rose to new records to begin December trading as investors looked for stocks to add to November’s hefty gains.
The S&P 500 added 0.24% to close at 6,047.15. The Nasdaq Composite added 0.97% and ended at 19,403.95. Both indexes touched fresh all-time intraday highs and closed at records. The Dow Jones Industrial Average lost 0.29%, or 128.65 points, closing at 44,782.00. The blue-chip index briefly topped the 45,000 level during the day, a key threshold it hit a few times last week.
Shares of Tesla gained about 3.5% following an upgrade to buy from neutral at Roth MKM, with the firm citing CEO Elon Musk’s close relationship with President-elect Donald Trump as a catalyst. Artificial intelligence server maker Super Micro Computer surged nearly 29% after a special committee found “no evidence of misconduct” and that the firm’s financial statements were “materially accurate.” Meanwhile, Amazon added 1% amid the start of the holiday shopping season on Cyber Monday.
Source : CNBC